Friday, April 27, 2018

Fraud Never Suffers from a Hiatus

Former PTA Treasurer Sentenced to 9 Months in Jail for Embezzlement

Washington Post Thursday April 26, 2018

It is important that auditors never become complacent about fraud in the workplace. The former treasurer of a countywide PTA in Maryland's largest school system embezzled more than $39,000 from the group.

How did she do it?  She wrote checks and altered bank statements to hide her crime. She stole money from a school where more than 2/3 of the students qualified for free or reduced priced meals. Shame on her!

Over what time period did the fraud occur? The fraud extended for more than 6 years.

What was her punishment? She had to repay funds to the PTA for their deductible, pay the Insurance company that paid out funds to the school group and more.

Read the complete story here!